Be prepared to face fluctuations in the market, unexpected repairs, and tenant issues.

Be sure to factor in repair costs to keep things profitable.

Most of the time, the home warranty takes a long time to approve your repair, reach the property, and then they use low-quality materials.

I feel as-is, I can get around $120k after cleanup and some minor repairs.

During demo, if they open up a wall and find a leak that requires a change order. the change order should be specific to that repair and have a cost associated with it. 6.

Got into the home with a low down payment , made repairs, rented and refinanced to pay off line and eliminate the PMI.

If you're planning an open house at a vacant listing, know that you've just let the general public know that it is just that - vacant.Better safe than evicting/repairing...

One of our parks is 60% POH and in my experience the only way that park pencils as well as it does is to get through all the major repairs, get the homes 'right' and then keep them 'right'. 

This could be very difficult if you are going to self-manage, as you will be turning units every year and dealing with a lot of repairs.

Roof repairs, broken this, broken that.